Easily Delete Calculated Field into the Lease Application (Commercial)

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How to Delete Calculated Field into the Lease Application (Commercial)

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want to learn how to calculate commercial real estate leasing commissions and whats common in the industry if so stick around because thats exactly what were going to cover in todays video [Music] for first dibs on all new real estate financial modeling and career training videos make sure to subscribe to this channel and hit that notification bell to be notified every time I release a new video now when youre analyzing a commercial real estate investment deal inevitably during your projected hold period youre gonna have some tenants that may have leases that expire during that whole period and in your analysis when those tenants have leases that expired you need to make some assumptions on what is going to happen when those leases expire and if you end up renewing those leases or finding a new tenant for the space what your costs are going to be in order to keep that suite occupied so in this video were going to cover part of that as real estate leasing commissions so if you si

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What is a use clause in a commercial lease?

Use Clauses This clause defines how the tenant can and cant use the property theyre leasing. The use clause may be very specific, so its important that you read its terms carefully.

What is the main benefit of an exclusivity clause in a commercial lease?

Exclusive use clauses prohibit the landlord from leasing space in the shopping center to other parties for uses that compete with the tenant. Such provisions provide important protections to tenants and should be carefully negotiated where possible.

What is an example of a use clause?

Tenant shall not conduct or give notice of any auction, liquidation, or going out of business sale on the Premises. Tenant will use the Premises in a careful, safe and proper manner and will not commit waste, overload the floor or structure of the Premises or subject the Premises to use that would damage the Premises.

What is commercial equipment that may be removed at the end of the lease referred to as?

In a commercial lease, a trade fixture is an item a tenant attaches or installs to a property to conduct business. Trade fixtures need to be removable or uninstallable and must be removed by the tenant when the lease ends. They are considered the personal property of the tenant, not the landlord.

What is an escalator clause in a lease?

An escalator clause (also known as an escalation clause or a laddering clause) is a clause or provision in a lease or contract that allows pricing or wages to be adjusted to account for changing market conditions, such as inflation or tax fluctuations.

What is the exclusive use clause on a lease?

An exclusive use clause grants the tenant the right to prevent the landlord from leasing another tenant space in a shopping center, building, or development, to one of the tenants competitors. Landlords and tenants will negotiate the exact scope of the tenants permitted use.

What is an example of exclusive use clause in a commercial lease?

Consider this provision: landlord shall not enter into a lease for premises within the shopping center with a tenant that will use its premises to sell coffee. This provision could certainly be interpreted to prevent any other tenant in the shopping center from serving coffee at all.

What is commercial lease add on factor?

The add-on factor is the amount of usable square feet in a commercial property divided by the number of rentable square feet. The result of this calculation will be one if the two numbers are identical, but it is always lower than one because some square footage in a building will not be rentable.

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